Study: Bay Area and India growing economic ties

SANTA CLARA, CA (KGO) — The Bay Area’s economic links to India are growing stronger. It is leading to more jobs being created here and fewer jobs being outsourced there.

The Bay Area and India have had strong ties for over 40 years, when engineers began immigrating here to obtain advanced degrees. Then they found Silicon Valley conducive to start their own companies.

“They’ve been responsible for a lot of leading tech innovations, things like Hotmail, Sun, lots of iconic companies, Brocade and others, founded by Indians who came here really looking for the opportunity we have here in the Bay Area and Silicon Valley,” Sean Randolph said.

Randolph is president and CEO of the Bay Area Council Economic Institute, which just released a major study of the growing linkage of India’s economy and our own.

Among its findings:

India is Oracle’s fourth largest global market

India hosts Symantec’s largest engineering side outside the U.S. and works on more than 80 percent of its products